Mortgage in France > Mortgage options > Renewable fixed rate

Do you want to combine security and flexibility with the best available value for your French mortgage repayment?

Then your best option is to choose PROFIL’IMMO,
GE Money Bank’s innovative renewable fixed rate mortgage.

Renewable fixed rate
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Benefits

  • Benefit from a competitive fixed interest rate.
  • Know what your repayments are going to be for the next 3 years.
  • Make the best of your loan with the possibility to convert into a fixed or a tracker rate program, or simply decide to renew your fixed rate for another 3 years.
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    What is a Renewable fixed rate mortgage?

    PROFIL’IMMO is a fixed rate repayment mortgage with an interest rate fixed for 3 years. At the end of the initial 3 year fixed rate period you have the option:

  • to fix your rate for another 3 year period,
  • to convert into a Tracker rate repayment loan for the outstanding term,
  • to convert into a Fixed rate repayment loan for the outstanding term.
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    What can I use a PROFIL’IMMO for?

  • Buying an existing home, either main, second/holiday or buy-to-let (not available for construction and off plan).
  • Remortgage or refinance with cash-out (cash-out only is not available)
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    How does PROFIL’IMMO work?

    Example: For an amount borrowed of 200,000€ with a personal contribution of 20% of the purchase price and an initial maturity of 15 years: The interest rate is fixed for the first 3 years with a monthly repayment of 1,128.76€. At the end of the initial 3 year period you can fix your interest rate for another 3 years with a rate based on the Commercial Paper Rate. With an initial APR at 4.71 % the total cost of your loan at maturity will be 139,828.00€ (including administration fee but excluding legal fees, stamp duty and optional term life insurance). The above example, figures, terms and conditions are for information only and are subject to change according to market conditions. Important information: according to articles L 312-1 and seq. of the French Consumer Act, the purchase of a property with a mortgage loan is subject to the lender’s acceptance. If the loan is declined all payments made, including any deposit to secure the home purchase, must be fully reimbursed to the buyer. If the loan is accepted with a loan offer issued, the borrower has a compulsory 10 day cooling-off period before this loan offer can be accepted. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT. If Euro is not your national currency, the equivalent in your national currency of your liability under a Euro mortgage may be increased by exchange rate movements. Loans are secured on property outside the UK. All loans are subject to status and valuation and are not available to persons under the age of 18.

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    Guide to buying a property in France - Mortgage in France

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